For experienced investors, you aren’t the only one finding it
tougher to find value buys in today’s market conditions. I’ve been sitting on a
growing cash pile too, and there are lesser value stocks as compared to the
same time in 2015 when China’s Black Monday happened. While waiting for the next bear market to come around, make your
warchest count by parking it in fixed deposits to earn higher interest rates in
the short-term.

The benefits of fixed deposits

-They are capital-guaranteed.
You won’t lose a single cent.

-They offer guaranteed returns.
You will know exactly how much returns you’ll be getting from this
“investment”.

-There are different FDs of
varying holding periods for everyone. You get to decide how long you want your
investment to be parked away and how long to grow.

-They are oblivious to market
fluctuations and are especially great in rising markets where you can’t find
value stocks to deploy your money towards.

-They’re almost entirely
risk-free, unless you withdraw the money before maturity which could result in
lesser or no interest. The only other risk would be if the bank defaults, but
there’s a low likelihood of that happening in Singapore.

You can choose from FDs with tenures as short as 1 month or as long
as 5 years, and open a fixed deposit account with as little as S$1,000.

The best fixed deposit
promotions in Singapore right now (Aug 2017)

If you’ve already maxed out the interest in your high-yield savings
account and you’re looking for another place to park your money in, here’s a
look at the best FD promotions currently available:

If you’re still worried about putting your money in fixed deposits,
rest assured that they’re as safe as keeping your money under your bed. Here’s
something interesting about the banking system in Singapore that you may not be
aware of: the MAS (Monetary Authority of
Singapore) acts like a caped crusader protecting our deposits with all banks
and finance companies that are licensed in Singapore. In
the event that the bank/finance company where you’ve set
up your fixed deposit account fails, our
deposits up to S$50,000 are automatically insured under this scheme.

Shh! Sometimes I send out secret tips via email.

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You can call me Dawn, and this little space on the Internet is where I write about becoming financially-free. Join me as we learn more about savings, budgeting, paying off debts, insurance and investing together!

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Please note that all statements published on this blog are solely opinions of my own i.e. of a personal nature, and should not in any way be taken as statements of fact. Readers are encouraged to do their own research before arriving at any conclusions based solely on materials provided, or republished, on this blog.